With the rollout of ICD 10; the billing, coding, documentation, compliance, and auditing have become the buzzword in the healthcare industry. All these are going to have a massive impact on your practice’s revenue cycle. Hence; to meet the compliance standards and to combat the challenges of the documentation, billing, and coding hiring an outsourcing billing service provider like MBC acts as your billing partner for the new cardiology coding guidelines.
For instance, when following the cardiology coding guidelines; coders often get confused about the pairing of add-on codes with primary CPT codes when new codes were announced for pacemaker revisions. Often, it happens that coding for marginal vascular services along with cardiac catheterizations leaves you confused. With the advent of the new codes, handling the coding and billing can get even more complicated. Therefore; getting an expert like MBC can be really helpful in taking care of the billing and coding errors, offering you a peace of mind to flourish your practice.
It’s Time To Prepare Your Cardiology Practice
Staying Updated on Cardiology Coding
Keep the latest ICD-10 CM and PCS, CPT, and HCPCS code books in the office. What’s more, the American Heart Association is offering quarterly newsletters you can enroll in those. Keep tabs on the CMS website for updates and subscribe to any publications offered by CMS and state and local agencies that regulate billing practices. Or you can simply outsource your medical billing function to a professional billing and coders like MBC.
Complete and Accurate Documentation is the Key
If documentation problems exist, it will slow down the revenue cycle, decrease billable expense reimbursements, as well as leave room for coding inconsistencies which may become a red flag for auditors.
Always Code To The Specificity
Cardiologists require remembering the basic information of coding and documentation. There are different types of cardiology diagnoses and the different coding to take care of. Hence; not having sufficient knowledge may impact your revenue cycle. To have accurate documentation means no room for errors and other issues like mismatched diagnosis and procedure codes.
Regular audits whether internal or external should be encouraged to track common coding and documentation errors. This will help in identifying the errors and further educates your staff.
If you are considering letting a 3rd party medical billing services like MBC come on-board then surely it takes away the hassles of such billing related errors and issues. Frequent audits will ensure correct reimbursement and documentation.
MBC medical billing and coding services helps cardiology practices by reducing their insurance accounts receivable and getting claims paid faster, allowing doctors to focus on providing quality healthcare of their patients without stressing over the new cardiology coding guidelines.